The Pitney Bowes Bank, Inc. in Salt Lake City, Utah (UT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Pitney Bowes Bank, Inc. in Salt Lake City, Utah (UT)
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The Pitney Bowes Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 34599
    Status: Active
    Federal Reserve ID: 2649177
    Date Established: January 16, 1998
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 60763
    Numeric code: 23
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 16, 1998
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1245 East Brickyard Road, Suite 250, Salt Lake City, UT 84106
    County: Salt Lake
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Salt Lake City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Salt Lake City-Ogden, UT (#7160)
    Combined Statistical Area (CSA): Salt Lake City-Ogden-Clearfield, UT (#482)
    Core Based Statistical Area (CBSA): Salt Lake City, UT (#41620)
    CBSA Metro Statistical Area: Salt Lake City, UT (#41620)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $748.3 mil
    Equity capital: $56.6 mil
    Deposits held in domestic offices: $643.1 mil
    Return on assets (ROA): 11.11% ($83.1 mil)
    Quarterly return on assets: 11.61% ($86.8 mil)
    Return on Equity (ROE): 154.83% ($88.3 mil)
    Quarterly return on equity: 156.77% ($89.4 mil)
    Net income: $80.5 mil
    Quarterly Net income: $21.4 mil
    Pretax return on assets: 17.84% ($133,504.9 mil)
    Quarterly Pretax return on assets: 19.13% ($143,158.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $748,346Total assets
  • $24,443Cash and due from depository institutions
  • $553Interest-bearing balances
  • $291,360Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $380,034Net loans & leases
  • $16,563Loan loss allowance
  • $0Trading account assets
  • $57Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $748,346Life insurance assets
  • $52,452All other assets
  • $691,729Total liabilities and capital
  • $643,101Total liabilities
  • $593,329Total deposits
  • $643,101Interest-bearing deposits
  • $70Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,402Trading liabilities
  • $0Other borrowed funds
  • $44,226Subordinated debt
  • $56,617All other liabilities
  • $56,617Total equity capital
  • $56,617Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $97,839Surplus
  • $-41,223Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,203Income earned, not collected on loans
  • $0Earning assets
  • $3,562Long-term assets (5+ years)
  • $671,947Average Assets, year-to-date
  • $216,036Average Assets, quarterly
  • $724,785Volatile liabilities
  • $737,021Insider loans
  • $489,387FHLB advances
  • $733,733Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $52,392Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,138,465Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $105,526Total interest income
  • $2,995Total interest expense
  • $102,531Net interest income
  • $8,780Provision for loan and lease losses
  • $38,695Total noninterest income
  • $0Fiduciary activities
  • $3,091Service charges on deposit accounts
  • $0Trading account gains & fees
  • $35,604Additional noninterest income
  • $2,426Total noninterest expense
  • $1,365Salaries and employee benefits
  • $150Premises and equipment expense
  • $911Additional noninterest expense
  • $130,020Pre-tax net operating income
  • -$694Securities gains (losses)
  • $48,793Applicable income taxes
  • $80,533Income before extraordinary items
  • $0Extraordinary gains - net
  • $80,533Net income attributable to bank
  • $0Net charge-offs
  • $80,533Cash dividends
  • $12,299Sale, conversion, retirement of capital stock, net
  • $79,700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 15.64%Yield on earning assets
  • 0.44%Cost of funding earning assets
  • 15.20%Net interest margin
  • 5.74%Noninterest income to earning assets
  • 0.36%Noninterest expense to earning assets
  • 11.17%Net operating income to assets
  • 11.11%Return on assets (ROA)
  • 17.84%Pretax return on assets
  • 154.83%Return on equity (ROE)
  • 1.60%Retained earnings to average equity (YTD only)
  • 3.13%Net charge-offs to loans
  • 71.39%Credit loss provision to net charge-offs
  • 11.29%Efficiency ratio
  • 1,718Assets per employee
  • 46.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.97%Loss allowance to loans
  • 4.18%Loss allowance to noncurrent loans
  • 147.84%Noncurrent assets plus other real estate owned to assets
  • 1.50%Noncurrent loans to loans
  • 2.82%Net loans and leases to deposits
  • 59.09%Net loans and leases to core deposits
  • 59.09%Equity capital to assets
  • 7.57%Core capital (leverage) ratio
  • 7.14%Tier 1 risk-based capital ratio
  • 10.71%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $724,785Average earning assets
  • $52,015Average equity
  • $674,706Average loans

List of branches

  • 1 Utah Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    060763The Pitney Bowes Bank, Inc.1245 East Brickyard Road, Suite 250, Salt Lake City, UT 84106January 16, 1998Full Service Brick and Mortar

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